Meme Insider
If you're keeping an eye on the wild world of DeFi and meme tokens, you might have caught this recent update from DefiLlama. They've just started tracking FOOM Cash on their Fees & Revenue Dashboard, and the numbers are turning heads. We're talking about a project that's pulling in annualized fees of around $1.09 million, with revenue matching that figure, and staked value at $2.82 million—all while sporting a Total Value Locked (TVL) of exactly zero bucks. Yeah, you read that right:
- FOOM Cash operates as a privacy game powered by advanced tech and backed by a 34k ETH treasury, aiming to deliver true financial freedom via the $FOOM token.
$0 TVL.
What's FOOM Cash All About?
FOOM Cash isn't your typical DeFi protocol. It's billed as a privacy-focused game built on Ethereum and its layer-2 scaling solution, Base. Using advanced zk-SNARK cryptography—short for zero-knowledge Succinct Non-interactive ARguments of Knowledge—this platform lets users play for prizes without giving away their identity. Think of zk-SNARKs as a way to prove something is true without revealing the underlying details, which is perfect for keeping things private in a blockchain world where everything's usually out in the open.
The game revolves around $FOOM, the native token that's got roots in the meme coin scene but with an AI twist. According to sources like CoinGecko, FOOM is used by "Foom bots" to learn and speculate on cryptocurrencies, making it part of the AI-meme coin category. Token holders essentially join a club where they can engage in decentralized transactions and ecosystem activities.
But FOOM Cash takes it further by building directly on Ethereum's infrastructure. No new chain here—just leveraging existing wallets and tools for seamless integration. The project's treasury boasts a hefty 34k ETH (that's millions in USD), and nearly $9 million locked in FOOM, emphasizing its focus on true financial freedom through privacy.
Breaking Down the Metrics
The standout stat from DefiLlama's tracking is that zero TVL paired with high fees. TVL typically measures the total assets locked in a protocol, like in lending or liquidity pools. But FOOM Cash operates differently—it's more of a game where fees come from gameplay mechanics rather than locked capital.
From the dashboard, we see:
- Fees (Annualized): $1.09 million
- Revenue (Annualized): $1.09 million
- Staked: $2.82 million
These fees break down into a 1% Generator fee, a 4% Investor fee, and relayer fees from both official and third-party sources. On chains like Base, daily fees hover around $1,511, contributing to the overall picture. This setup allows the protocol to generate revenue without needing traditional value locked, which is pretty innovative (or "wild," as one commenter put it).
If you're curious, check out the full details on DefiLlama's FOOM Cash page.
Why This Matters for Meme Tokens and DeFi
In the meme token space, where hype often trumps utility, FOOM Cash stands out by blending fun with real tech like zk-SNARKs. It's a reminder that meme coins can evolve into something more substantial, especially when they tap into hot trends like privacy and AI. With privacy becoming a big deal in crypto—think regulations and data protection—this could signal a shift toward more secure, anonymous ways to engage with blockchain games.
For blockchain practitioners, it's worth digging
- The $1.09m annualized fees paired with $0 TVL stands out as unusual, sparking curiosity about how this meme token project generates revenue without locked value.
📊 結果の要求: 5
🔗 FOOM Cash - DefiLlama
📄 プロトコル情報。FOOM CashはEthereumとBase上に構築されたプライバシー重視のゲームです。高度なzk-SNARK暗号技術を用いて、ユーザーが身元を明かさずにプレイできるようにしています...
🌐 defillama.com
🔗 FOOM Cash - DefiLlama
📄 DefiLlamaでFOOM Cashの各種指標を追跡できます。DefiLlamaは広告やスポンサー付きコンテンツなしで正確なデータと透明性を提供することを旨としています。
🌐 defillama.com
🔗 Fees by Protocol on Base - DefiLlama
📄 FOOM Cashは2つのチェーンで活動。$32、$237、$1,511といった日次手数料の数字が見られます。手数料は1%のGenerator手数料、4%のInvestor手数料、公式およびサードパーティのリレイヤー手数料から構成されています...
🌐 defillama.com
🔗 Privacy Pools - DefiLlama
📄 プロトコル情報。Privacy Poolsは零知識証明とコミットメントスキームを使ってプライベートな資産引き出しを可能にするプロトコルです...
🌐 defillama.com
🔗 Revenue by Protocol on Ethereum - DefiLlama
📄 FOOM Cashは複数チェーンで収益を上げています。プロトコルが保持する手数料（1%のGenerator手数料、4%のInvestor手数料、オフィシャルやサードパーティによる手数料など）の内訳も確認できます...
🌐 defillama.com
into how projects like this sustain revenue streams without relying on TVL. It challenges the usual metrics we use to gauge success in DeFi and opens up new possibilities for tokenomics.
If FOOM Cash piques your interest, head over to their site at foom.cash or check the contract address: 0xd0d56273290d339aaf1417d9bfa1bb8cfe8a0933. As always, do your own research—crypto moves
- FOOM Cash is a privacy-focused game on Ethereum and Base, leveraging zk-SNARK cryptography for anonymous play toward three prizes.
fast, and these numbers could shift.
Stay tuned to Meme Insider for more updates on emerging meme tokens and DeFi innovations. What's your take on privacy games in crypto? Drop a comment below!
